1512 Fones Road SE
Olympia, WA 98501
- – beds
- – baths
- 8,169 sqft
- ~1 acre lot
- $336 per sqft
- 1989 build
Great investment property! Own a whole neighborhood. On a private cul-de-sac with 3 duplexes and 3 homes each on individual parcels. 9 total units on 6 parcels. Each property is connected to sewer and public utilities. Just add individual water meters to each and you can sell them separate. Units are in great shape. Multiple new kitchens and interior updates over the past few years. The city is bringing road enhancements along Fones road now. Close in location, easy freeway access, excellent stable rental income. Many possibilities with property; hold and cash flow or sell each off individually. Property is located in "opportunity zone" with tax benefits, might be an estate planning stategy. Take advantage of this unique opportunity.
Last checked:
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Checking…
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Last updated Jan 16, 2025
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MLS# 2314484 —
The Building
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Year Built:1963
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Year Built:1989
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Year Built Source:Public Records
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New Construction:false
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Structure Type:Multi Family
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Exterior Features:Brick, Wood, Wood Products
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Roof:Composition, Torch Down
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Units In Building Total:9
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Foundation Details:Block, Poured Concrete
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Security Features:FullyFenced
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# of Units Total:9
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Stories Total:1
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Building Area Total:8169
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Building Area Units:Square Feet
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Calculated SqFt:8169
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SqFt Source:County
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Green Energy Efficient:Thermal Windows
Interior
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Interior Features:Ceramic Tile, Laminate Hardwood, Wall to Wall Carpet
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Flooring:Ceramic Tile, Laminate, Vinyl, Carpet
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Fireplace:false
Financial & Terms
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Possession:Tenant's Rights
Location
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Latitude:47.034409
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Longitude:-122.846204
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Directions:Pacific Ave head (North) to Fones Road head (East) on the left side of Fones Rd.
The Property
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Property Type:Residential Income
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Property Subtype:Multi-Family
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Property Condition:Good
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Parcel Number:11819140305
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Lot Features:Dead End Street, Paved
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Lot Size Units:Square Feet
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Lot Size Acres:1.3419
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Lot Size SqFt:58455
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Lot Size Source:County
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Zoning Class:Multi-Family,Residential
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View:false
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Waterfront:false
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Possible Use:Multi-Family, Residential
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Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (253) 761-8888
- Office phone:
- (253) 761-8888
Taxes
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Tax Year:2024
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Tax Annual Amount:19644
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Cooling:false
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Heating:true
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Cooling:None
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Heating:Baseboard, Forced Air
Utilities
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Water Company:City Of Olympia
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Water Source:Public
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Sewer:Sewer Connected
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Sewer Company:City Of Olympia
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Power Company:Pse
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Water Sewer Garbage:13605
Schools
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High School District:North Thurston
The Community
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Subdivision Name:Olympia
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Amenities:Storage,Thermal Windows
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Senior Community:false
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Association:false
Parking
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Parking Total:20
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Parking Uncovered Spaces:9
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Open Parking:true
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Open Parking Spaces:9
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Carport Spaces:9
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Carport:false
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Covered Spaces:2
Listing courtesy of NWMLS / Better Properties N. Proctor
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/4/24
Dec 4, 2024
|
Listed / Active | NWMLS | $2,750,000 |
